WTI
Time frame: H1
Technical Analysis: The chart shows that the price has not been able to keep the $ 60 level, and it's headed down to $ 56. Upon reaching the level in question, WTI entered a consolidation to form a "Flag" formation. This formation is considered to be a continuing trend, for which reason I believe that the price will continue its downward movement. Currently, the price is a few cents from the resistance of the formation, and when it is reached, we can position it with a "sell" deal.
Indicators: At this stage, 50 and 200 EMA's play a supporting role.
RSI is about getting into overpriced territory that supports the "sell" scenario.
Entry into Deal: From current levels.
SL: 58.80
Alternative Scenario: If the price can break the flag upward, then we can see an appreciation to the previous highs.
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